Affiliated Person

Affiliated Person - An affiliated person is a person who is able to insert influence on a corporation, of any size, based on a resulting minority ownership. Usually a minority ownership consists of owning less than fifty percent of the corporations voting stock, which is not enough ownership to have a controlling influence, although with exertion, influence tends to make changes possible in all areas. This person can influence decisions being made that affect the operation of the corporation, daily functions of assorted divisions within the corporation, or other decisions that may influence things with the stockholders.